Amazon is getting into more brick-and-mortar stores. While the retail giant purchased Whole Foods last year, Amazon had previously opened up a convenience store for employees under its own brand in Seattle in 2016. Amazon Go was supposed to be a cashierless, checkout-line-free store to help get people in and out faster — a convenience […]
Read moreApple has lost some of its bite, one strategist says. Fiercer competition and an inflated belief in its own products are among some of the challenges facing the world’s largest company, according to BK Asset Management’s Boris Schlossberg. “I do think they’re in trouble. I think they’re making a huge mistake,” Schlossberg, managing director of […]
Read moreA Google engineer who just left the company after nearly 13 years criticized it Wednesday for becoming “100% competitor-focused,” and said the company “can no longer innovate.” Steve Yegge, who joined Google from Amazon in 2005, wrote a blog post about his decision to quit the company, saying it has become too focused on competitors […]
Read moreWeiss Ratings, which claims to offer the first “ratings” on cryptocurrencies, has judged ethereum to be better than bitcoin. The securities ratings agency announced Wednesday that it gave ethereum a B rating because it “benefits from more readily upgradable technology and better speed, despite some bottlenecks.” Bitcoin received a “fair” C+ rating because the digital […]
Read moreA new report from the financial research firm Leerink, which has been closely covering Amazon’s moves in health care, says Amazon is expanding the team that’s exploring a move into the pharmacy business. Researchers at Leerink interviewed an anonymous former senior Amazon employee, who described an exploratory team at Amazon that was once 7 to […]
Read moreSome words have enormous influence on the stock market. And then there are social media posts by President Donald Trump. During his first year in office, Trump didn’t disappoint his followers on Twitter, rattling off a nearly daily diary of personal thoughts and reactions to news events, real or imagined slights, and popular culture. Some […]
Read moreTop VC Jason Calacanis has not been a bitcoin booster, and said there’s a 33 percent chance the cryptocurrency goes to zero. “Cryptocurrency is a real technology, it’s fascinating, it’s got the potential to do some amazing things,” Calacanis told CNBC’s “Squawk Alley” Wednesday. “But we’re talking about an unregulated, highly manipulated and anonymous global […]
Read moreJ.P. Morgan is seeing more evidence Apple iPhone demand is deteriorating, predicting weaker than expected sales results for the smartphone maker’s suppliers this year. On Tuesday “our research colleagues in Asia reduced their estimates for EMS [electronics manufacturing service] builds for Apple iPhones for the March and June quarters of 2018,” analyst Bill Peterson wrote […]
Read moreChecks with supply chain vendors indicate that Apple’s iPhone sales may decline about 33 percent between the December 2017 and March 2018 quarters, Bernstein analyst Toni Sacconaghi wrote in a research note released on Tuesday. He predicts Apple will offer implied guidance of 51 to 57 million iPhones sold for the March quarter, lower than […]
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The U.S. dollar index fell to a three-year low Wednesday and looks set for more declines after Treasury Secretary Steven Mnuchin said a weak dollar was good for U.S. trade. The dollar index is now down 10 percent in the past year and broke below the key 90 level after Mnuchin’s remarks. According to Kensho, […]
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